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Daily: European forward power prices resume three-month highs after a weaker start
Oil prices lost more than 2 percent on Monday as data showed new U.S. crude stockpiles builds, while leading banks in commodities stated that the two-month long oil market hike has defied fundamentals. U.S. crude fell $1.09, or 2.5 percent, to settle at $42.64 a barrel. Last week, it reached a five-month high of $44.49. Brent declined 63 cents, or 1.4 percent, to close at $44.48. It attained a mid-November peak of $46.18 last week.
read more... 26/04/2016
Daily: Crude oil prices post the third week of gains on upbeat market sentiment
Crude oil prices boosted on Friday and posted their third consecutive week of gains on optimistic market sentiment and on signs that a continuing global oversupply may be alleviating. Brent futures rose by 1.3 percent to settle at $45.11 per barrel, while U.S. West Texas Intermediate crude climbed 1.3 percent at $43.73 a barrel. Both contracts increased as much as 3 percent during the session. Brent has rallied by 4.5 percent this week and U.S. crude by 8.4 percent as both benchmarks recorded a third week of gains.
read more... 25/04/2016
Daily: European forward electricity prices hit the highest level in 12 weeks amid firmer fuels
Crude oil prices shed on Thursday as producers insinuated more output, while U.S. stockpiles registered their first loss in four sessions. The euro was down against the dollar after traders saw potential for the European Central Bank to eventually boost its stimulus measures if necessary. WTI crude oil prices eased 2.3 percent to settle at 43.18 a barrel. Brent crude declined 2.8 percent to close at $44.53 a barrel.
read more... 22/04/2016
Daily: European spot power prices evolved differently, French prices spurred by weak renewables
Crude oil boosted 4 percent on Wednesday after a small-than-expected increase in U.S. crude stockpiles that offset oversupply worries caused by the end of Kuwait strike and on prospects that oil majors would meet again to try to reduce oil production. Brent's front-month contract rose $1.77, or 4 percent, to settle at $45.80 a barrel. It had plunged to a session low of $42.81. U.S. crude's front-month contract, for May delivery, which expired at Wednesday's settlement, climbed $1.55, or 3.8 percent, at $42.63 a barrel. The session low was $39.85.
read more... 21/04/2016
Daily: Crude oil future price dropped after Kuwaiti oil workers stop strike
Crude futures declined on Wednesday after Kuwaiti oil employees ended a three-day strike that had reduced the nation's crude production by approximately half, with fears about an oversupplied market returning to the fore.
read more... 20/04/2016